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The relief of bankruptcy: only for entrepreneurs, not for students. Another instance of utterly corrupt selective application of theoretically sound conservati
by rectang 9y ago
The relief of bankruptcy: only for entrepreneurs, not for students.
Another instance of utterly corrupt selective application of theoretically sound conservative principles. Just like "deregulation" and Net Neutrality.
- lightbyte 9y agoThere is a reason for that. If your business goes bankrupt it can be liquidated to settle debts. Once that is done you are left with nothing. The same cannot be done with an education. You can't "give back" knowledge to your school, or sell it to someone else.
- edpazu 9y agoassuming any knowledge was actually gained.
- rectang 9y agoLiquidation of course is often insufficient to pay back all creditors. The risks which have to be assessed before making student loans vs. business loans differ by degree, not kind. The systems of laws in our society are constructed. A choice has been made to privilege entrepreneurs over students.